As reported by «Market Leader» (US)
GBPUSD: volatility outlook for the week. Sep 19th-23rd 2011
GBPUSD spent almost the entire week around the option level 1.5824. The news backdrop wasn’t positive. The UK’s CPI (y/y) matched the forecast, thus reaching 4.5% (+0.1%). The retail sales dropped 0.2%. Only the unemployment claims turned out to be positive for the UK (a 20.3K decline), thus causing a slight rally.